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Introducing corporate income tax could cripple international business and would need “an army” of Civil Servants to run it, Premier Craig Cannonier said last night as he responded to the Opposition’s reply to the Budget. However, late last night Shad...

Shadow Finance Minister David Burt has called for both political parties to work together to help reassure investors that a change in Government would not mean a change in policies affecting big business. “There is always scope to work — internationa...

Youngsters from CedarBridge Academy and Opportunity Workshop were have been honoured for their work with Parks staff in keeping the Arboretum and other areas up to scratch. The groups worked alongside professional staff in the Aboretum, the Deputy Go...

A total of one in seven Bermudian homeowners can’t afford their mortgages and have to renegotiate terms with lenders, a survey commissioned by The Royal Gazette has revealed. And nearly half of those surveyed (49 percent) had a gloomy outlook on the ...

Union chief Kevin Grant says that a boost for international business on the Island could bring economic benefit — but that Bermudians needed to be sold on the sector. Mr Grant said: “When people hear about people coming to our shore, there is some pu...

Environmental charity Greenrock has backed a bid by Finance Minister Bob Richards to end power firm Belco’s monopoly and generate more power from renewable sources. Greenrock executive director Gordon Johnson said Government should encourage business...

The Budget underlined overspending by the OBA, Shadow Finance Minister David Burt said last night. Mr Burt added that Government figures showed it had overspent by $45 million in its first year — despite wage concessions offered by trades unions. And...

New ways of buying insurance do not generate as many jobs — but Bermuda has to keep its position at the cutting edge of the industry, Finance Minister Bob Richards said yesterday. Mr Richards added: “Several Wall Street analysts have painted a rather...

Bermuda’s banks are a drag on the Island’s recovery from recession, Finance Minister Bob Richards said. And he said the sector’s get-tough policy on lending and tiny deposit interest rates were “at odds with Bermuda’s national interests” — and added ...